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{
    "id": 253545,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/253545/?format=api",
    "text_counter": 217,
    "type": "speech",
    "speaker_name": "Mr. Mwiraria",
    "speaker_title": "",
    "speaker": {
        "id": 283,
        "legal_name": "David Mwiraria",
        "slug": "david-mwiraria"
    },
    "content": "Secondly, through the assistance of this House, we changed the entire financial management system in the country. That is by passing the Kenya National Audit Act, the Kenya Financial Management Act, the Public Procurement and Disposal Act and the Privatisation Act. April 18, 2006 PARLIAMENTARY DEBATES 493 Besides that, when we took over, commercial banks interest rates were between 24 per cent and 32 per cent per annum . We brought them down to a single digit. Today, the rates are at about 17 per cent per annum . Mr. Deputy Speaker, Sir, before we took over, this country was not getting any funds from the donors at all! We restored donor support. We turned the economy round and it is now growing at a reasonable rate, given the fact that we have drought. Today, although some people say yes and others no, we have a stronger shilling. Mr. Deputy Speaker, Sir, I would like to mention one or two things before I sit down. We have improved systems of control. We have introduced a new internal audit for the Government. The Ministry is now doing things which it could not do before, before we took over. Mr. Deputy Speaker, Sir, let me state the following: I served Kenya as the Minister for Finance for just over three years. During that period, I gave the job my very best. I did not do anything to favour anyone, any company or even myself. I am saying that knowing that I have thrown everything open for investigations. Mr. Deputy Speaker, Sir, I want to conclude by saying that, as a Minister, I may have made some mistakes. Mistakes are human. For any mistakes I made, I give this House and the Kenyan nation my sincere apology."
}